Smart Automobiles Limited and Apex Four wheelers Limited entered into an agreement regarding annual maintenance services to be provided by Smart Automobiles for all vehicles within the state of Uttar Pradesh for five years. The agreement was containing a clause that in the event of a dispute between the parties, the matter would be submitted to arbitration. At the end of the fifth year, the service agreement was not renewed.
Decide whether the arbitration. the agreement should not be treated as terminated. Also, describe the other grounds for termination of an arbitration agreement.